Category: Oil and Gas

OPEC+ to ratify 2026 production pause in Sunday meeting

Delegates report that OPEC+ is expected to formally ratify its existing plan to pause oil...

Reps demand details on EFCC crude oil seizures

The House of Representatives’ Ad-hoc Committee on the Implementation and Oversight of the Naira-for-Crude-Oil Policy...

FG endorses local modular refinery project in Delta

The Federal Government has endorsed the Ebenco Global Link Limited modular refinery project in Koko,...

NNPCL declares N5.4tr profit

The Nigerian National Petroleum Company Limited has declared a profit after tax of N5.4 trillion...

How naira float drove NNPC to N5.4tr profit in 2024 — Ojulari

The Nigerian National Petroleum Company Limited recorded a substantial Profit After Tax of ₦5.4 trillion...

TotalEnergies, Conoil seal offshore asset swap deal

TotalEnergies has reached an agreement with Conoil Producing Limited to execute an asset swap involving...

Nigeria’s 2025 licensing round draws interest from global oil firms

Nigeria’s upcoming 2025 Licensing Round is already attracting early interest from international oil companies, fueled...

Dangote denies import duty influenced 5.6% petrol price cut

The Dangote Petroleum Refinery has officially debunked reports suggesting that recent reductions in petrol pump...

Dangote, local refineries drive 111% surge in Nigerian petrol supply

Nigeria’s domestic petrol supply experienced a significant surge, increasing by 111 per cent in 2025...

PENGASSAN hails FG’s suspension of 15% petroleum import duty

The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo,...

FG drops proposed 15% petrol import tariff — NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority announced on Thursday that it has abandoned...

Presidency eyes NNPC asset shake-up to boost oil output

The Presidency is currently making plans to restructure asset ownership within the Nigerian National Petroleum...